Hong Kong has a mature payment card market with 25 million cards in circulation and 3.5 cards per consumer on average. China UnionPay is the fastest growing card scheme and makes up over half of newly issued cards. While payment cards are widely used, credit cards are particularly popular for e-commerce due to their convenience. Mobile proximity payments are seen as beneficial but have security concerns. The payment landscape is forecast to experience continued growth in cards, e-commerce and mobile payments in the coming years.